new value area, new price support, page-5

mike, imo....if you look to january this year you'll see an attempt to push price through 008 and form a ceiling.....this recent break-through, then, becomes the floor and once broken res tends to become support, although not a hard-and-fast rule.....this is the most technical edge I'll give to the price moves.....what that tends to say is that the future expectation of the mine is expanding....we need to see more results to figure the fundamentals, however, as most mining stocks show, the price is rarely directly proportional to intrinsic value of the metal(s)..at this point, how long is a piece of string.....even with jorc, farm-ins, shipping, future contracts set, currency moves, crb/baltic yadda yadda; the market price moves according to the major money that is ahead of all that thinking and that major money is satisfied to wait for (weak-hand) volume to fall into their accounts......